（原标题：决胜"十四五" 擘画"十五五"·地方资本市场高质量发展之天津篇：四大维度提质增效 续写津 沽大地资本新篇章） 证券时报记者 曹晨 "十四五"时期，是天津全面建设社会主义现代化大都市的开局阶段，也是资本市场制度、功能、结构、 生态全方位系统性变革的关键推进期。 立足这一发展进程，天津证监局主动对标城市发展战略与资本市场改革方向，锚定"防风险、强监管、 促高质量发展"核心目标，坚持新质生产力发展方向，紧扣实体经济转型需求，扎实推动新"国九条"和 资本市场"1+N"政策文件在津落地，有效促进天津资本市场实现量的合理增长与质的有效提升。 规模扩容 持续夯实经济底盘 "十四五"时期，股票发行注册制改革加速落地，资本市场支持科技自立自强、引导行业机构强化功能性 定位的导向清晰并深入实践，天津辖区资本市场规模稳步扩容。 五年间，天津上市公司量质双升，总数达71家，较"十三五"期末增长18%。截至2025年11月末，上市公 司总市值约1.66万亿元，增长80%。新三板挂牌公司结构向优，创新层公司39家，占挂牌公司总数超 1/3，增长1.29倍。债券融资主渠道作用凸显，债券发行人109家，在交易所市场存续债券规模1. ...

"十四五"时期，是天津全面建设社会主义现代化大都市的开局阶段，也是资本市场制度、功能、结构、 生态全方位系统性变革的关键推进期。 立足这一发展进程，天津证监局主动对标城市发展战略与资本市场改革方向，锚定"防风险、强监管、 促高质量发展"核心目标，坚持新质生产力发展方向，紧扣实体经济转型需求，扎实推动新"国九条"和 资本市场"1+N"政策文件在津落地，有效促进天津资本市场实现量的合理增长与质的有效提升。 规模扩容 持续夯实经济底盘 "十四五"时期，股票发行注册制改革加速落地，资本市场支持科技自立自强、引导行业机构强化功能性 定位的导向清晰并深入实践，天津辖区资本市场规模稳步扩容。 五年间，天津上市公司量质双升，总数达71家，较"十三五"期末增长18%。截至2025年11月末，上市公 司总市值约1.66万亿元，增长80%。新三板挂牌公司结构向优，创新层公司39家，占挂牌公司总数超 1/3，增长1.29倍。债券融资主渠道作用凸显，债券发行人109家，在交易所市场存续债券规模1.28万亿 元，规模排全国前列。 行业机构在服务实体经济、居民财富管理等方面作用日益增强，8家证券基金期货法人机构总资产1137 亿元、净资产 ...

Core Viewpoint - The recent wave of self-purchases by major Chinese fund companies reflects their long-term confidence in the capital market, with amounts ranging from 10 million to 20 million yuan, particularly targeting floating fee rate funds [2][3]. Group 1: Fund Companies' Actions - Multiple leading fund companies, including Dongfanghong Asset Management and Bosera Funds, have announced self-purchases, with Dongfanghong committing 10 million yuan to its new floating management fee fund [3]. - Bosera Funds followed with a 20 million yuan self-purchase plan, indicating a positive outlook on equity products [3]. - Other companies like Xingzheng Global Fund and Zhongou Fund also participated, with commitments to hold investments for at least three years, showcasing a long-term investment strategy [3][4]. Group 2: Market Implications - The self-purchase actions are seen as a stabilizing force in the market, helping to avoid short-term speculative behaviors and reinforcing the bond between fund managers and investors [4][5]. - The self-purchases are particularly significant in the context of the recent issuance of floating fee rate funds, which are viewed as a major innovation in the industry [6]. Group 3: Strategic Considerations - The self-purchase trend is interpreted as a response to the need for "safeguarding" new fund launches, especially in a challenging market environment [6]. - Historical patterns suggest that self-purchase waves often coincide with market turning points, indicating institutional confidence in market bottoms [7]. Group 4: Investor Guidance - Investors are advised to analyze self-purchase behaviors critically, focusing on the proportion of self-purchase relative to fund size, the length of the lock-up period, and whether fund managers are also investing [8]. - While self-purchases can signal positive sentiment, they should not be the sole basis for investment decisions, as market trends are ultimately driven by fundamental factors [9].

Core Viewpoint - The approval of 26 new floating-rate funds by the regulatory authority reflects a strong commitment to implementing public fund reform and aligning fund company income with investor returns [1] Group 1: Regulatory Approval - 26 new floating-rate funds have been registered and are expected to be available for investors soon through commercial banks and internet platforms [1] - The funds were collectively submitted for approval on May 16, received acceptance on May 19, and were quickly approved on May 23, indicating the regulatory body's efficiency [1] Group 2: Fund Companies and Products - The following fund companies have submitted new floating-rate fund products: - E Fund: E Fund Growth Progress Mixed Securities Investment Fund - Fuguo Fund: Fuguo Balanced Allocation Mixed Securities Investment Fund - Value Fund: Value Stable Mixed Securities Investment Fund - Zhongou Fund: Zhongou Large Cap Smart Selection Mixed Fund - Jingshun Longcheng Fund: Jingshun Longcheng Growth Companion Mixed Fund - Others include Jia Shi, Huitianfu, Huaxia, Yinhua, and many more with a total of 26 products listed [1]